MSCI has officially adopted new index exclusion rules, with Strategy and Metaplanet facing potential exclusion.
1 hours ago
MSCI announced it has formally adopted the non-operating company index exclusion rule, which will be implemented during its November 2026 index review and take effect after the close of trading on November 30. The new rule will first evaluate whether a company holds substantial operating assets; firms that fail the initial screening will undergo five financial ratio tests. If at least four of these ratios meet the exclusion criteria, the company will be ineligible for index inclusion. As a result, bitcoin treasury companies Strategy and Metaplanet face potential delisting, with the final list to be released on November 11. JPMorgan previously estimated that if Strategy is removed from MSCI indices, it would face roughly $2.8 billion in selling pressure.
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